Profit or loss government is always a gainer by collecting tax on transactions– Profit or loss government is always a gainer by collecting tax on transactions

Profit or loss government is always a gainer by collecting tax on transactions– Profit or loss government is always a gainer by collecting tax on transactions– https://www.taxtmi.com/article/detailed?id=12831 Proposed increases to Security Transaction Tax (STT) rates on futures and options, effective 1 October 2024, are presented as measures to deepen the tax base. The note argues that transaction taxes are collected irrespective of traders' profits or losses, that many derivatives traders incur net losses and substantial transaction costs, and that higher STT may reduce participation and volumes. It concludes by recommending reconsideration or abolition of STT to simplify taxation, reduce disputes, and potentially boost exchange activity. en-us Mon, 29 Jul 2024 18:22:33 +0530 Mon, 29 Jul 2024 18:22:33 +0530 TaxTMI RSS Generator Profit or loss government is always a gainer by collecting tax on transactions– Profit or loss government is always a gainer by collecting tax on transactions– https://www.taxtmi.com/article/detailed?id=12831 Proposed increases to Security Transaction Tax (STT) rates on futures and options, effective 1 October 2024, are presented as measures to deepen the tax base. The note argues that transaction taxes are collected irrespective of traders' profits or losses, that many derivatives traders incur net losses and substantial transaction costs, and that higher STT may reduce participation and volumes. It concludes by recommending reconsideration or abolition of STT to simplify taxation, reduce disputes, and potentially boost exchange activity. Articles Other Topics Mon, 29 Jul 2024 18:22:33 +0530 https://www.taxtmi.com/article/detailed?id=12831